Principles of Managerial Finance
Principles of Managerial Finance
17th Edition
ISBN: 9781323419656
Author: Gitman
Publisher: PEARSON
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Chapter 1.2, Problem 1FOE
Summary Introduction

To discuss: Whether the objective of maximizing the wealth of shareholder is ethical or unethical.

Introduction:

A business organization wherein the members of the organization sells good or services is termed as a firm.

The major objective of the firm is maximizing the stock value. In order to maximize the stock value, the financial manager implements the necessary actions that result in the maximum gain without taking into the future consequences.

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